Market Overview:
The global marine navigation lighting market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for maritime transportation and rising awareness about safety at sea. The side lights segment is expected to hold the largest share of the market during the forecast period, owing to their widespread use on all types of vessels. Passenger ships are expected to be the fastest-growing application segment during the forecast period, owing to an increase in maritime tourism. North America is estimated to account for the largest share of the global marine navigation lighting market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Marine navigation lighting is a system of lights that helps vessels navigate safely in low visibility or darkness. It consists of navigation lights on the vessel, as well as other lights such as those on lighthouses, buoys, and jetties. Marine navigation lighting is important because it allows vessels to see other vessels and hazards in low visibility or darkness, which helps prevent accidents.
Side Lights:
Side lights are the supplementary lights mounted on the side of a vessel. They serve various purposes such as identification, safety, and warning to other vessels or boats operating in the vicinity. The growth factor for this market is increasing adoption of LED technology in navigation lighting systems due to its cost-effectiveness and high lumen output compared to conventional technologies like incandescent lamps.
All-Round Lights:
All-Round lights (ARL) are a set of lights that are used to lighten up the area around the vessel. It is an important part of marine navigation lighting as it provides an enhanced and clear view of the water surface for safe navigation. The market size for all-round light is expected to witness significant growth over the forecast period owing to its increased demand in commercial vessels, yachts, and other small passenger ships.
Application Insights:
The passenger ship application segment led the global marine navigation lighting market in 2017 and is projected to maintain its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for cruise services across various regions, including Europe, North America and Asia Pacific. Moreover, a rise in passenger travel by sea is expected to boost product demand over the coming years.
Passenger ships are generally large vessels with higher hullsides that carry hundreds or even thousands of passengers on trips ranging from short cruises to round-the-world voyages. These ships require ample lighting as they are highly visible not only at night but also during daytime due largely to their size and shape that makes them easy targets for accidents such as running into another vessel or getting stuck on rocks etc.
Regional Analysis:
North America dominated the global marine navigation lighting market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period. Increasing maritime trade and growing offshore oil & gas industry are anticipated to drive regional growth. Moreover, stringent regulations by IMO for safety purposes are projected to fuel product demand over the coming years.
Asia Pacific is estimated to be the fastest-growing region from 2018 to 2030 owing high economic development along with increasing maritime trade activities across various sectors including bulk cargo, containers, and passengers vessels on account of rising population and consumer goods demand within countries such as China and India as well as across other Southeast Asian countries such as Singapore, Thailand, Philippines etc.; which will lead towards an increase in ship traffic at sea thus necessitating installation of new lights at a faster pace compared with other regions.
Growth Factors:
- Increasing demand for marine navigation lighting from the shipping and maritime industry as it helps in improving the safety of vessels at night or in low visibility conditions.
- Growing popularity of LED lights as a replacement for traditional incandescent bulbs in marine navigation lighting systems, due to their energy-efficiency and longer lifespan.
- Proliferation of advanced navigational aids such as Global Positioning Systems (GPS) that are helping to boost the uptake of marine navigation lighting systems worldwide.
- Rising concerns over environmental pollution and its impact on aquatic life, which is prompting vessel operators to adopt more energy-efficient marine navigation lighting systems.
- Technological advancements that are resulting in the development of more efficient and durable LED lights for use in marine navigation applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Navigation Lighting Market Research Report
By Type
Side Lights, All-Round Lights, Stern Lights, Masthead Lights
By Application
Passenger Ship, Cargo Ship, Special Purpose Vessel
By Companies
Glamox, Hella Marine, Lopolight, Perko, Navisafe, Innovative Lighting, Aqua Signal, Attwood, Shanghai Sansi Electronic Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Marine Navigation Lighting Market Report Segments:
The global Marine Navigation Lighting market is segmented on the basis of:
Types
Side Lights, All-Round Lights, Stern Lights, Masthead Lights
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Ship, Cargo Ship, Special Purpose Vessel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glamox
- Hella Marine
- Lopolight
- Perko
- Navisafe
- Innovative Lighting
- Aqua Signal
- Attwood
- Shanghai Sansi Electronic Engineering
Highlights of The Marine Navigation Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Side Lights
- All-Round Lights
- Stern Lights
- Masthead Lights
- By Application:
- Passenger Ship
- Cargo Ship
- Special Purpose Vessel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Navigation Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine navigation lighting is a type of lighting used on ships and boats to help sailors see in the dark. It can be used for navigation, docking, and other purposes.
Some of the key players operating in the marine navigation lighting market are Glamox, Hella Marine, Lopolight, Perko, Navisafe, Innovative Lighting, Aqua Signal, Attwood, Shanghai Sansi Electronic Engineering.
The marine navigation lighting market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Marine Navigation Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Marine Navigation Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Marine Navigation Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Marine Navigation Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Marine Navigation Lighting Market Size & Forecast, 2020-2028
4.5.1 Marine Navigation Lighting Market Size and Y-o-Y Growth
4.5.2 Marine Navigation Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Side Lights
5.2.2 All-Round Lights
5.2.3 Stern Lights
5.2.4 Masthead Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Ship
6.2.2 Cargo Ship
6.2.3 Special Purpose Vessel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Marine Navigation Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Marine Navigation Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Side Lights
9.6.2 All-Round Lights
9.6.3 Stern Lights
9.6.4 Masthead Lights
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Ship
9.10.2 Cargo Ship
9.10.3 Special Purpose Vessel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Side Lights
10.6.2 All-Round Lights
10.6.3 Stern Lights
10.6.4 Masthead Lights
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Ship
10.10.2 Cargo Ship
10.10.3 Special Purpose Vessel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Side Lights
11.6.2 All-Round Lights
11.6.3 Stern Lights
11.6.4 Masthead Lights
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Ship
11.10.2 Cargo Ship
11.10.3 Special Purpose Vessel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Side Lights
12.6.2 All-Round Lights
12.6.3 Stern Lights
12.6.4 Masthead Lights
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Ship
12.10.2 Cargo Ship
12.10.3 Special Purpose Vessel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Side Lights
13.6.2 All-Round Lights
13.6.3 Stern Lights
13.6.4 Masthead Lights
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Ship
13.10.2 Cargo Ship
13.10.3 Special Purpose Vessel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Marine Navigation Lighting Market: Competitive Dashboard
14.2 Global Marine Navigation Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Glamox
14.3.2 Hella Marine
14.3.3 Lopolight
14.3.4 Perko
14.3.5 Navisafe
14.3.6 Innovative Lighting
14.3.7 Aqua Signal
14.3.8 Attwood
14.3.9 Shanghai Sansi Electronic Engineering
